Is anyone else sick of hearing about the stock market?

[FreshStart1]

I'd say after looking at various data factoids, only about 50% of people have investment accounts.
This is evident by the fact 78% of people live paycheck to paycheck.

The stock market went up.

Did your pay go up? Nope.

Did the price of rent go down? Nope.

Did the price of college go down? Nope.

Did the price of drugs go down? Nope.


These are indices that the regular working class care about.

[brooklynite]

1. Yes! Who cares about those State employee and Union pension funds?

[Sherman A1]

4. More than just state employee pensions

there are still many private pensions invested in the market as well as 401k's

I check the market report daily.

[The Velveteen Ocelot]

2. None of those things, but my retirement fund went up.

Regular people care about their 401Ks and retirement savings, so the stock market does matter even to us peons. I'm retired and like a lot of people I depend on Social Security and my rather modest nest egg to live on. Most retirement funds are invested in at least some stocks, and if the market pukes a lot of us old folks are screwed.

[Awsi Dooger]

3. No, because I am heavily invested

I switched my sports betting winnings to stocks in 2009 to go along with long held Apple stock. It is the basis of my existence right now so I tune the television to Bloomberg before I go to sleep so the market bottom line will be the first thing I see when I wake.

Right now my pool needs refinishing and some repair so I am deciding what shares to sell, and when, to finance that.

A few months ago here there was a near-daily thread touting the stock market free fall, in near euphoria. I warned then that it was a losing proposition. Trump inherited a very strong economy from Obama and then the corporate tax cuts will provide a short term artificial boost to the market, while the damage is camouflaged and will surface later.

A plunging market would help in 2020, when we are going to have a very difficult time ousting a presidential incumbent. I don't mind rooting for a downturn at that point, even if it will be against my economic self interests. Right now I am rooting for upward and upward. We still haven't quite returned to the S&P peak of very early this year, but as of today's close I think we are within about 2%.

[Sherman A1]

5. No

But, am sick to death of hearing about sports.

[Crutchez_CuiBono]

8. See me kneeling.

Me too.

[smirkymonkey]

6. I get what you are saying. Even though some of us little people have retirement savings invested in

the stock market via pension plans, 401's, IRA's, etc., the way it is reported by the media implies that the stock market is an indication on how well the average American is doing financially and it isn't. It does not reflect the health of the economy as a whole. A lot of stock prices go up because companies buy back stock, layoff employees, "creatively" report earnings, and do other things to manipulate stock prices.

I don't really see the average American benefitting very much from these huge upward swings because most of them aren't timing the market, but they are definitely going to pay when the bubble bursts.

[Crutchez_CuiBono]

7. I'm over it. If they'll lie about the election and russia...they'd lie about the economics

we are experiencing. Especially the jobs numbers and the stock market.

[Hekate]

9. You don't have to be a fat cat to be affected by the stock market. My miniscule pension...

...is invested by those who manage such things. Likewise my husband's larger pension. He follows such things -- and while I don't, I recognize the Market's importance to the global economy, hence America's, hence our family's.

The Stock Market Crash of 1929 plunged the entire country into the Great Depression, devastating millions of people who wouldn't know a stock certificate if one bit them.